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City of Calgary facing $235M financial gap if pandemic continues through December
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As several public health measures and large-scale closures to limit the spread of COVID-19 remain in effect, it could create a large financial gap for the City of Calgary, according to staff.
The numbers were presented to city councillors at a special strategic meeting of council on Thursday. Council was presented with three budget gap scenarios based on the length of the pandemic.
The first scenario outlined a gap of $145 million, with the pandemic ending on June 30. That figure grows to $189 million by the end of September, but the budget gap could grow to $235 million if the pandemic persists until the end of the year.
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COVID-19
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India
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